Expect drama as Congress gives itself a week to avert government shutdown

Congress needs a plan to fund the government through September

In a sign of how stubborn fiscal hawks are on spending, 16 House Republicans voted against Friday"s emergency bill to extend funding for a week.

Reuters is out with a good story on markets in Trump"s first 100 days and it underscores how stocks that were favored after Trump"s election win have lagged since inauguration and the stocks that struggled after election night have made a comeback. It highlights how difficult it"s been for a Republican-dominated administration from getting anything done.

The market is still in love with tax reform but how this week goes will be the best sneak preview so far into how unified the Republican party is.

At the moment, it looks like the bill will pass with Democratic support and some Republican opposition. But when it comes to healthcare and tax reform, Republicans will have a tougher time looking across the aisle for help.

More at Bloomberg.

Expect drama as Congress gives itself a week to avert government shutdown
Expect drama as Congress gives itself a week to avert government shutdown
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